TSLX is a specialty finance company focused on lending to middle-market companies. Since TSLX began its investment activities in July 2011 through September 30, 2019, it has originated more than $11.8 billion aggregate principal amount of investments and retained approximately $6.0 billion aggregate principal amount of these investments on its balance sheet prior to any subsequent exits and repayments. TSLX seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities. The companies in which TSLX invests use capital to support organic growth, acquisitions, market or product expansion and recapitalizations. 99.1% of debt investments bore interest at floating-rates (when including investment specific hedges), which TSLX believes helps act as a portfolio-wide hedge against inflation. As of September 30, 2019, TSLX's portfolio had a fair value of approximately $2,047.5 million invested across 55 portfolio companies.
TSLX has elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. TSLX is externally managed by TSL Advisers, LLC (the "Adviser"), a SEC-registered investment adviser with offices throughout the United States. The Adviser sources and manages TSLX's portfolio through a dedicated team of investment professionals with significant expertise in middle market lending. TSLX leverages the deep investment, sector, and operating resources of TPG Sixth Street Partners ("TSSP"), a global finance and investment business. TSSP is in a strategic partnership with TPG, the global alternative asset firm. TSLX is traded on the New York Stock Exchange under the ticker symbol "TSLX".
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